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In this week’s episode, Angeline, Holly & Julia discuss how you can create multiple streams of income in your author business.
- Regular subscriptions, like Patreon
- Irregular payments, like Ko-Fi, courses, and podcasting
- One-off injections, like awards and grants
- Full-on side-hustles, like formatting or coaching
Listen on your favourite platform HERE.
Author Streams of Income
- Regular Incomes (subscriptions)
- Twitch streaming
- Irregular Incomes
- Book sales on own site
- Book sales at live events
- Having multiple versions of your book (i.e. audiobook)
- Creating and selling a course
- Donation sites such as Ko-fi or Buy me a Coffee, etc
- Podcasting income
- One-off Incomes
- Arts grants
- Crowdfunding Campaigns
- In-person events/speaking/appearances
- Competition wins
- Editing/proofreading/manuscript critiques etc
- Freelance writing
- Ghost writing
- Paid-for Reviews
- Book formatting
- Cover design
- Social media management/marketing services
- Virtual assistant
- Anything else you’re good at or enjoy doing
- Consider not fully relying on income linked to your time. You only have so many hours in the day. Finding passive ways to make money can be a real bonus.
- Regular income streams make it easier to plan and budget, because you know what’s coming in and when, whereas irregular income is always going to be an unknown.
- Don’t stretch yourself too thin! Focus on more reliable streams rather than always chasing the new, shiny things.
- Remember that all income streams require marketing, so factor in extra time for that.
Mentioned in This Episode
- Subscribe and receive your free book
- Unstoppable Authors Merchandise
- Unstoppable Authors Facebook Group
- Unstoppable Authors on Patreon
- Indie Fire Writers Conference
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